Swedish companies have been present in Brazil for more than a hundred years. Even though Brazil can be a challenging market, new Swedish companies keep on setting up operations in the country while long-established corporations continue to invest.
Swedish companies continue to be profitable in Brazil. Seventy-nine per cent of companies stated that they were profitable during 2024, while only 10 per cent presented losses.
Most companies are concerned about the rise of inflation. The current devaluation of the Brazilian currency also has a direct impact over the acquisition power of Brazilian importers. This affects Brazilian customers of Swedish exports as well as Swedish manufacturers in Brazil, which operate within global supply chains.
For around a third of respondents, being identified as a Swedish brand contributes to business in Brazil a lot. At the same time, for 60 per cent, it contributes much or partially.
Compared to the 2024 Business Climate Survey, the rate of companies answering that Brazilian customers highly consider environmental aspects during the purchase decision dropped from 39 per cent to 30 per cent. Medium and large Swedish respondents were the ones identifying a stronger environmental commitment by their clients in Brazil.
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ABOUT THE SURVEY
This year’s report is the sixth edition within the global collaboration between the Swedish Chambers International (SCI) and Business Sweden.
The objective of these reports is to provide a better understanding and some good insights into how the current business climate and development around the world is perceived by leading Swedish companies. The reports serve as a comparison tool for Swedish companies with plans to further invest in their current business or expand into new markets.
This year, the Business Climate Survey collected answers from 48 Swedish companies in Brazil across various sizes and industries. The survey was performed between the 11th of February and the 11th of March.
